5 Key Coins: Is There Life After Bitcoin’s Correction?
60
On the image, we can see that from December 2024 to the current moment (February 2025), the price of BTCUSDT.P has decreased from about 107,673 to 96,150 dollars. In other words, roughly speaking, this is about a 10–11% correction. For Bitcoin, given its historical volatility, this is a fairly acceptable movement.
🔥 What’s important to consider with such a price change: If we look at the chart from October 2024 (or even earlier), we can understand whether there was a prolonged rise before this (which could have required a correction), or if we are seeing a deeper downward movement.
🔥 Support and Resistance Levels On the provided screenshot, it is noticeable that the current price is slightly below the key volume level (POC). If the price settles below it, this can become an additional signal for a continued decline. However, if BTCUSDT.P returns to the POC level and breaks it from below, it is often considered a sign of a possible reversal or at least a short-term bullish rebound.
🔥 Volume Profile Indicators POC (Point of Control) around 100,000–101,000 dollars indicates that the largest trading volumes for the entire visible period are concentrated there. This is a level around which the price may “hover,” since historically there is a large number of trades, meaning strong interests from both buyers and sellers.
🎯 Key idea: For most of the altcoins presented in the review, the further movement depends on whether BTCUSDT.P holds above the nearest support and whether it can overcome the nearest resistance (the POC zone on the chart).
Below is a structured analysis of five selected coins (ADAUSDT.P, SOLUSDT.P, XRPUSDT.P, BNBUSDT.P, ETHUSDT.P) taking into account the current behavior of #Bitcoin, since it often sets the tone for the entire market.
━━━━━━━━━━━━━━━━━━━━━━ 📉 Cardano ADAUSDT.P ➡️ POC on the chart: 0.9684 USD (above the current price). ➡️ Chart structure: ADAUSDT.P recently tested the support level around 0.80–0.88 USD. Scenarios: 🚀 Bullish (if BTCUSDT.P recovers): a possible rise to the 0.95–1.00 USD zone. If this zone is broken and the price consolidates above 1.00 USD, further growth up to 1.10–1.20 USD can be expected. 🚀 Bearish (if BTCUSDT.P continues to fall): a retest of 0.80–0.85 USD and, if broken, a deeper correction down to 0.70–0.75 USD.
⚡ Trading idea: For those considering purchases, it makes sense to wait either for confirmation of a reversal in BTCUSDT.P or for a breakout/consolidation above 0.95–1.00 USD. Alternatively, place limit orders around 0.80–0.85 USD, provided that BTCUSDT.P does not go into an even deeper correction.
━━━━━━━━━━━━━━━━━━━━━━ 📉 Solana SOLUSDT.P POC on the chart: 190.53 USD (approximately coincides with the current level). Chart structure: After falling from 280 USD, SOLUSDT.P dropped to the key 18–19 USD zone. Here lies the volume level (POC), which can act as a “magnet”—the price often “moves” around the POC, and if it falls below it, the POC becomes strong resistance. Scenarios: 🚀 Bullish: with BTCUSDT.P rising and SOLUSDT.P confidently holding above 19–20 USD, a return to 22–23 USD is possible. A breakout above 23–25 USD would be a signal for further recovery (26–28 USD and beyond). 🚀 Bearish: if BTCUSDT.P continues to fall, SOLUSDT.P could drop below 18 USD and test the 15–16 USD zone, where buyers previously showed interest.
⚡ Trading idea: Watch the behavior in the 18–20 USD zone. A breakout upward and consolidation amid a rising BTCUSDT.P may provide a quick target of 22–23 USD. In a bearish scenario, it makes sense to see how the price reacts at 15–16 USD—a possible buyback zone for medium-term positions.
━━━━━━━━━━━━━━━━━━━━━━ 📉 XRP XRPUSDT.P POC: ~0.54–0.55 USD (above the current price). Chart structure: XRPUSDT.P is in a fairly wide range: resistance at 0.45–0.50 USD and support around 0.35 USD. The volumes, judging by the profile, are concentrated above current quotes, which may indicate the need for an additional impulse for growth. Scenarios: 🚀 Bullish: with positive market movement and BTCUSDT.P, XRPUSDT.P may test 0.45–0.50 USD. If it manages to consolidate above 0.50 USD, the path to 0.55–0.60 USD opens up. 🚀 Bearish: if the correction of BTCUSDT.P continues, XRPUSDT.P may drop back to 0.35 USD, and in case of a strong market sell-off—even to around 0.30 USD.
⚡ Trading idea: For long-term positions, many focus on the resolution of legal issues (SEC vs Ripple), so the fundamental background plays a role. Technically, the 0.35 USD zone is of interest for purchases, as well as a breakout of 0.45–0.50 USD for aggressive trading in anticipation of a faster rise.
━━━━━━━━━━━━━━━━━━━━━━ 📉 Binance Coin BNBUSDT.P POC: ~710 USD (noticeably above the current price). Chart structure: BNBUSDT.P is generally supported by the Binance ecosystem, but it also declines with the global market downturn. The chart shows several horizontal levels in the 600–650 USD range that can act as trading zones. Scenarios: 🚀 Bullish: if the market recovers, BNB can quickly return to 650–670 USD. A breakout and consolidation above 700 USD opens the way to 730 USD and beyond. 🚀 Bearish: if BTCUSDT.P falls, a pullback to around 580–600 USD is possible. In the case of a strong sell-off—an even deeper move toward 550 USD.
⚡Trading idea: BNBUSDT.P often shows relative “resilience” due to its high demand on the Binance exchange (trading pairs, staking, Launchpad, etc.). Technically, 600 USD is an interesting key support level. For a short-term long, a breakout and consolidation above 650–670 USD is needed.
━━━━━━━━━━━━━━━━━━━━━━ 📉 Ethereum ETHUSDT.P POC: around 3,100 USD (above current levels). Chart structure: ETHUSDT.P is in the 2,400–2,700 USD range. For a bullish scenario, it is important to get back above 2,800 USD, which would open the potential to 3,000–3,100 USD. Scenarios: 🚀 Bullish: if BTCUSDT.P grows and the news background is positive (network development, DeFi, Layer2), ETHUSDT.P can quickly recover to 2,800–3,000 USD. 🚀 Bearish: if BTCUSDT.P moves negatively—correction to 2,400 USD, and in the case of a strong sell-off—a test of 2,200 USD.
⚡ Trading idea: ETHUSDT.P is closely tied to the fundamentals of the DeFi and Layer2 ecosystem, so in addition to BTCUSDT.P dynamics, it is important to monitor network updates and overall market sentiment.
━━━━━━━━━━━━━━━━━━━━━━ 📢 Correlation with BTCUSDT.P: All of the mentioned altcoins (ADAUSDT.P, SOLUSDT.P, XRPUSDT.P, BNBUSDT.P, ETHUSDT.P) continue to closely correlate with Bitcoin’s movement. If BTCUSDT.P manages to hold current support and break above the nearest resistance, there is a high likelihood that the alts will bounce in unison.
📢 Volume levels: All the coins have their POC above current prices, which often means that for a confident rise, the price needs to move back above the “point of control” in the volume profile. While the price remains below the POC, there is a risk of further stagnation or decline.
📢 Points of interest for long positions: Breakout and consolidation above the POC or key horizontal resistances. Testing support zones (if there are reversal signals).
📢 Risk management: Due to high volatility, it is important to set stop-losses and consider the possibility of false breakouts. If BTCUSDT.P experiences a stronger decline, it is not advisable to try to “ride out” a strong downtrend in altcoins without a clear plan.
📢 In the short term, the market is in a waiting mode—monitoring whether BTCUSDT.P can recover and hold above the nearest resistances. In the medium term, fundamentals (project development, legal news for XRPUSDT.P, updates for ETHUSDT.P, etc.) will play a decisive role, but without positive movement from BTCUSDT.P, strong growth in alts usually does not occur.
Use these levels and scenarios as guidelines for your own strategy, complementing them with fundamental analysis and news.
Good luck, friends. Follow our forecasts, leave comments, let’s stay in touch!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.